Long Grove, IL median household income diversity
Based on our analysis of the distribution of Long Grove population by race & ethnicity, the population is predominantly White. This particular racial category constitutes the majority, accounting for 75.95% of the total residents in Long Grove. Notably, the median household income for White households is $223,641.
Interestingly, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $254,066. This reveals that, while Whites may be the most numerous in Long Grove, Asian households experience greater economic prosperity in terms of median household income.
For a better visual representation of these income disparities, take a look at the bar chart below. It illustrates the varying median household incomes across races, providing a clear comparison for each of the racial categories defined by the U.S. Census Bureau. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
As we explore median household incomes in Long Grove, we observe that Asian households report a median income of about $254,066, while White households earn around $223,641. These differences shed light on the income distribution within the village of Long Grove.
Long Grove, IL median household income trends across races
A decade typically encompasses substantial economic changes. To conduct a comprehensive analysis of these changes in Long Grove, we have analysed how these changes have unfolded among the racial categories identified by the U.S. Census Bureau for the village of Long Grove.
Key stats for each racial category as per our analysis of U.S. Census Bureau American Community Survey:
- White: In Long Grove, the median household income for the households where the householder is White decreased by $1,031(0.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $224,672 in 2011 and $223,641 in 2021.
- Black or African American: In Long Grove, the median household income for Black or African American households was $270,607 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- American Indian and Alaska Native: Even though there is a population where the householder is American Indian and Alaska Native, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Asian: In Long Grove, the median household income for the households where the householder is Asian decreased by $46,835(15.56%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $300,901 in 2011 and $254,066 in 2021.
- Native Hawaiian and Other Pacific Islander: Even though there is a population where the householder is Native Hawaiian and Other Pacific Islander, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Some other race: In Long Grove, the median household income for Some other race households was $326,895 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- Two or more races (multiracial): Even though there is a population where the householder is multiracial, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- Above analysis reconfirms that there are 2 race households in Long Grove. Households are categorized based on the self-identified race of the head of household.
Long Grove median household income by race betwen 2011 and 2021
Explore the evolution of median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau. This table showcases the annual income trends, from 2011 to 2021, providing insights into the economic shifts within diverse racial communities.
| Race Of The Head Of Household | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| White | $207,452 | $224,672 | $231,788 | $219,126 | $216,487 | $216,754 | $214,638 | $202,037 | $239,000 | $244,645 | $231,067 | $223,641 | N/A |
| Black or African American | $251,936 | $270,607 | $271,502 | $269,688 | $272,690 | N/A | N/A | N/A | N/A | $221,961 | $221,701 | N/A | N/A |
| Asian | $279,413 | $300,901 | $300,530 | $301,936 | $276,901 | $258,258 | $258,660 | $261,906 | $259,605 | $287,055 | $281,411 | $254,066 | N/A |
| Some Other Race | $337,322 | $326,895 | $320,200 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Two or More Races | $255,183 | N/A | $233,185 | $253,240 | $251,822 | N/A | N/A | N/A | N/A | $99,911 | N/A | N/A | N/A |
Key observations: X Households where householder is Some other race experienced a notable decline, with a decrease of $326,895 in median income. No racial category of householders experienced an increase in median household income; instead, declines were observed across the various demographics, signaling a uniform trend of decreasing incomes among households.